Dude,
"People are holding their shares tight. "
This is not true. The stock has been sliding all last week and into this week. Today, the stock is down another 5%. The sell off continues and is far from over.
The reality is this stock is simply another installment of a scam. This stock has never been with a legit management team and has been continually tossed around from scammer to scammer. A dozen name changes, a dozen ticker symbol changes, numerous reverse splits and dilution.....there is nothing legit about this stock, nothing legit about any of the management teams.